Learn more about the properties available in this upmarket estate in Pretoria East.
What makes this estate uniquely special?
Although Silver Lakes Golf Estate is an upmarket estate offering very expensive property, the biggest demand in the estate is for homes priced under R4m. Silver Lakes succeeds in combining a secure, comfortable and luxurious lifestyle with affordability. Silver Lakes is all about lifestyle and providing homeowners with “peace of mind” by means of maintaining high security standards. Besides the focus of this estate being on the meticulous golf course, people of all ages can also enjoy the carefree outdoor lifestyle the estate has to offer, including running, walking or cycling through the estate on well-appointed pathways.
What attracts buyers to Silver Lakes?
Being one of the first residential golf estates in South Africa, the numerous lakes gave name to Silver Lakes in the east of Pretoria. Top grade security, easy living and comfortability are part of this affluent lifestyle. It offers an 18-hole golf course, clubhouse with restaurant, tennis and squash courts and numerous walkways and a nature reserve with small game. Access to the N4, major routes and future Hazeldean developments is a great demographic advantage of Silver Lakes. In close proximity are colleges, private and government schools, numerous shopping malls, motor dealerships, gymnasiums and medical facilities.
What is currently happening in the property market in Silver Lakes Estate?
Results for 2016 to date show a total of 51 freehold property registrations compared to 80 in 2015 and 86 in 2014 with a median value of R3,4m to date comparing with R3,5m median value in 2015 and R3,35m median value in 2014. Recent buyers are grouped in the following age demographics: 6% aged 65 or older, 19% aged 50 - 64; 69% aged 36 - 49 and 6% aged 18 - 35. Downward price adjustments were inevitable after the rand depreciated and influences from international companies who also experience economic pressures are evident in rental budgets.
This article originally appeared in Neighbourhood, Sunday Times.
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